New York | This week in The Institutional Risk Analyst, we ponder the state of the bezzle, that fluffy, frothy portion atop the political economy…
The New York Fed today released an expanded set of Frequently Asked Questions regarding the Primary Market and Secondary Market Corporate Credit Facilities.
Fed QE $1.945B Coupon Purchase 2020-05-04
Fed QE $2.000B TIPS Purchase 2020-05-04 NYFed treasury securities operations
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
A somewhat simplified, but nonetheless telling heat map of financial strengths and vulnerabilities across emerging market/middle income economies via the Economist:I have outlined European economies included (for some strange reason, the Baltics are no…
The speed and the depth of jobs destruction in the U.S. during the last two months has been beyond precedent.
We are now one week away from the unemployment claims filed in March-May 2020 exceeding the grand total of all jobs destroyed during all U.S. recessions between 1945 and 2019.
A violent rejection in markets following a furious rally that began on March 23.
At its roots, QE is a mechanism of wealth redistribution. Zero rates transfer wealth from savers to borrowers and speculators.
Moreover, there are myriad costs associated with central banks nullifying the business cycle.